Daylight Overdraft

Daylight Overdraft
Occurs when a clearinghouse bank issues a payment during the day that is in excess of the originator's reserve account balance. Daylight overdrafts must be covered by the end of the business day.

In order to encourage banks to manage and reduce potential default risks, the Federal Reserve Board assesses a charge for daylight overdrafts.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Daylight overdraft — refers to a scenario in which a debit balance occurs in a customer’s account in the course of the banking day and is expected to be repaid by a credit to the account prior to the end of the banking day. The term daylight overdraft has different… …   Wikipedia

  • daylight overdraft — noun A debit balance in the customer’s account that occurs in the course of the banking day and is expected to be repaid by a credit to the account prior to the end of the banking day …   Wiktionary

  • daylight overdraft — A negative position in a bank s Federal Reserve account that occurs at any time during the business day. American Banker Glossary …   Financial and business terms

  • Overdraft Cap — The maximum dollar limit that a bank will send to another financial institution in one day. The overdraft cap limits the amount that banks will send via private payment or the Fedwire network. This cap limits a bank s daylight overdraft exposure …   Investment dictionary

  • Дневной овердрафт — (DAYLIGHT OVERDRAFT) отрицательный остаток на счете депозитного учреждения в системе клиринговых расчетов Fedwire или CHIPS в течение нескольких часов или минут …   Современные деньги и банковское дело: глоссарий

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • DO — steht für: Data Output Daylight Overdraft, ein Begriff aus dem Zahlungsverkehr Denominación de Origen, eine spanische Bezeichnung für Wein aus bestimmten Anbaugebieten Deutscher Orden Dienstordnung, dazu DO Angestellter Diffractive Optics, siehe… …   Deutsch Wikipedia

  • Do — steht für: Data Output Daylight Overdraft, ein Begriff aus dem Zahlungsverkehr Denominación de Origen, eine spanische Bezeichnung für Wein aus bestimmten Anbaugebieten Dienstordnung, dazu DO Angestellter Diffractive Optics, siehe Diffraktives… …   Deutsch Wikipedia

  • Groundwater — Shipot, a common source of drinking water in a Ukrainian village. Groundwater is water located beneath the ground surface in soil pore spaces and in the fractures of rock formations. A unit of rock or an unconsolidated deposit is called an… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”